Bankshares Inc. (OTC: HBSI) Stock In Focus After Earnings Update

There were a number of companies that announced their financial results over the course of this week, and one of those was Highland Bankshares Inc. (OTC: HBSI). On February 11, the company hit the news cycle after it announced its unaudited earnings for the fiscal year ended on December 31, 2024. In this feature, we will take a closer look.

The Numbers

The company announced that in the fiscal year it generated earnings of $4583000, and that worked out to growth of as much as 36.44% from the $3557000 in earnings in the previous fiscal year. The net income came in at $3.64 on a per-share basis for the 2024 fiscal year, and that represented considerable growth from the $2.66 earnings per share in the 2023 fiscal year.

Dividends

At the same time, it was also revealed that the company’s board of directors had declared a quarterly dividend of $0.45 a share that would be paid out to all shareholders of record as of February 21, 2025, on February 28, 2025. In light of the announcement about the dividend, it would be interesting to see if investors take a greater interest in the stock over the coming week or not.